XRP Token Surges 4.96% Amid Ripple Lawsuit Deadline and Soaring Trading Volumes on Binance

XRPUSDT experienced a 4.96% price increase over the past 24 hours, with the current price on Binance at 2.2740 and a 24-hour opening price of 2.1666. The main drivers of this upward movement are renewed bullish sentiment across the cryptocurrency sector and heightened anticipation surrounding the Ripple vs. SEC lawsuit, which reached a key deadline on June 16, 2025. Despite no official legal update at the reporting time, market optimism and speculative positioning contributed to increased trading volume and positive price momentum. Additionally, disproven rumors of a major XRP token burn generated temporary social media attention, though these claims were fact-checked and found inaccurate. Exchange net inflows have risen, and ongoing sell pressure is indicated by a Taker Buy Sell Ratio below 1 for six consecutive days, suggesting a mix of profit-taking and new speculative interest. Trading volume surged significantly, reflecting intensified investor activity as XRP’s market capitalization fluctuated between $130 billion and $137 billion across sources. Overall, market sentiment remains cautiously optimistic, driven primarily by legal developments and broader risk-on trends in the crypto market.